Global Markets

This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation

In this podcast, FXCM Senior Market Specialists, Nikos and Russell, discuss the NFP, participation rate, and unemployment rate. The two also look at the Fed pivot and what it means for the market. RBA and BoC statements are due for release this week, and Friday sees the CPI numbers. Join us for perspectives on these and more.

This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight

Introduction Further to our previous article, the US10Y has failed to break through its neckline. I.e, the inverse head and shoulders has not been completed. An inverse head and shoulders is a reversal pattern and if completed suggests higher yields ahead. Thus, the failure to complete proposes the potential for a different paradigm. Below, we have a reference trough followed by a reference peak. Thereafter, a higher trough followed by…

The emergence of the new Omicron Covid strain lead to a big market sell-off on Friday as participants sought safe-havens. Join FXCM Senior Market Specialists, Russell and Nikos, as they discuss what this means for markets. The two also talk about this week's important calendar items, including Fed Chair Powell's testimony on Capitol Hill, the OPEC+ meeting on Thursday, the NFP release on Friday, and more.

The GER30 gapped down on open today, as a risk-off sentiment prevails. The catalyst is covid-19 developments. In Europe, countries are starting to reintroduce restrictions to deal with rising infections. On Wednesday, Italy announced new Covid measures, and Germany narrowly avoided another lockdown, preferring to see if stricter Covid passport rules help alleviate the situation. Moreover, concerns over a new Covid variant have added to the fears. The B.1.1.529, or…

Various members of the US central bank have been making hawkish remarks lately, fueling the Dollar’s advance, while yesterday’s minutes form the last policy decision were also on the hawkish side